Tags: Economic- Crisis | McCain | super | committee | taxes | spending

McCain: 'Super Committee' Will Not Hike Taxes

Wednesday, 03 Aug 2011 03:24 AM

By Hiram Reisner

Arizona Sen. John McCain says although everything will be on the table when the "super committee" meets to determine spending cuts needed to reduce the debt, taxes will not be raised. McCain also told Fox News’ Neal Cavuto Tuesday if the GOP had a pre-condition of taking taxes out of the reduction mix, the Democrats would start pulling things as well.
“This committee that you have been talking a lot about is 50/50 — right now, you have got an advantage: If you don’t say that everything is on the table, then, obviously, they start taking things off the table,” McCain said. “But I guarantee you, six members appointed by our Republican leaders, Boehner and McConnell, are not going to raise taxes. We know what the mandate is — or that would be off the table. But we didn’t commit to that, because then they would say: OK, then this is off the table and this is off the table.”

Editor's Note: 50% unemployment, 90% stock market drop, 100% inflation.
See the Evidence. Click Here

McCain reiterated that he voted for the debt-reduction deal somewhat grudgingly.

“Look, I think that if we did what we did today, in other words, cut spending for every dollar that we increase the debt limit, over 10 years, we would erase the deficit,” he said.”But did we do what we wanted and everything we wanted? Of course not. Did we get everything we wanted? Of course not.
“But it is the first time that we have seen a reduction in spending,” McCain said. “Now, you think a lot of that is imaginary? I think a lot of it will have to do with how it is implemented —and I hope we don’t fool the American people again.”

Cavuto asked whether ‘super’ committee talks will become contentious. If the committee cannot agree on spending cuts, they will be triggered automatically. McCain the negotiations could become difficult, but he has faith that House Speaker John Boehner and Senate Minority Leader Mitch McConnell will appoint viable candidates to the panel.

“For example, one of my candidates — maybe I shouldn’t say it, I’m not making decisions — but one of my candidates would be Rob Portman, former [congressman and] head of OMB, a very sober, knowledgeable person,” McCain said. “I think those are the kind of people that are going to be on this committee. And I don’t think they want their reputations to be: Hey, we met and had a committee meeting — and reported out nothing.

“But they will also have fundamental principles that I don’t think they will violate,” he said.

Editor's Note: Economic Meltdown to Unravel in 2012.
See the Disturbing Charts. Click Here

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